Requests and responses by date

LGC research into property portfolios

Requested Mon 11 September 2017
Responded Mon 11 September 2017

LGC is conducting some research
into the growing trend for local authorities to invest in
property on a commercial basis. Recent reports on this issue
have focused on the potential risks to council finances; the
intention of LGC's research is for the results to form the
basis for a balanced discussion of the risks and opportunities
and how councils are managing those.

What is the value of property
owned by the council that generates an income (excluding
council housing)?

How much in monetary value, if
any, of this portfolio relates to residential
property?

What is the value of this
portfolio has been purchased since 2010 specifically to
generate an income?

What is the estimated return on
investment from the portfolio over the next five years? Eg. %
rental yield

Please provide the type and
value of a) the largest property and b) the smallest
property.

What is the value, if any, of
property owned outside the local authority area?